Osman Semerci, Duet Group CEO, Announces the Launch of the First Multistrategy Hedge Fund in the MENA Region

OSMAN SEMERCI, DUET GROUP CEO, ANNOUNCES THE LAUNCH OF THE FIRST MULTISTRATEGY HEDGE FUND IN THE MENA REGION

The new fund will target both equity and fixed income markets in the MENA region and will be managed by Duet Mena Limited.

Osman SemerciDubai, UAE — 21 May 2009 — Osman Semerci, CEO of Duet Group, a global financial group specializing in Alternative Asset Management, announced today the launch of the first MENA multistrategy hedge fund “Duet MENA Opportunities Fund“. The new fund will target both equity and fixed income markets in the MENA region and will be managed by Duet Mena Limited, a DIFC licensed asset manager.

Rabih Sultani, Chief Investment Officer, will manage the fund under the leadership of Hedi Ben Mlouka, Chief Executive Officer of Duet MENA. Rabih brings over 9 years of fund management and research experience across equities and fixed income. The investment team has one of the longest established track records in the Middle East.

Hedi Ben Mlouka said: ‘The current unfolding crisis has created unprecedented opportunities in global markets. Such opportunities appear to be even more eye-catching in the MENA region, and we, Duet Group, are well positioned to take advantage of these prospects for our clients. I am pleased to announce that Duet’s commitment to the Middle East has led to the allocation of significant capital to the fund from existing shareholders and clients‘.

The Fund will deploy three main investment strategies: Conviction, Relative Arbitrage and Opportunistic trading. These will be premised on pricing dislocations and valuation imbalances that are created from time to time under the influence of economic, political and capital flow factors.

The fund is unique in that it operates in both Equity and Credit markets while applying a rigorous risk management process. The investment process is based on fundamental, quantitative and technical factors to identify trades offering a favorable risk-return profile, while capital will be dynamically allocated across these strategies as opportunities change’, said Rabih Sultani.

Duet Group is a client-focused financial group specializing in Alternative Asset Management that is dedicated not only to generating superior investment returns, but also to delivering risk management, transparency and client service required by sophisticated investors. Duet Group was founded by Henry Gabay & Alain Schibl in June 2002 in London and has USD 2 billion of equity under management. Osman Semerci joined as Duet Group CEO and Managing Partner in April 2008.

For more information, please contact Yazid Ben Salem on ybensalem@duetgroup.net or visit our website www.duetgroup.net

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